Carnival (CCL) Enterprise Value (2009 - 2026)
Carnival's (CCL) quarterly Enterprise Value came in at -$2.2 billion in Q2 2026, down 3.77% YoY from -$2.3 billion in Q2 2025, and down 58.39% on a QoQ basis from -$1.4 billion in Q1 2026.
Carnival (CCL) Enterprise Value (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of Enterprise Value data on file, last reported at -$2.2 billion in Q2 2026.
- Quarterly Enterprise Value fell 3.77% year-over-year to -$2.2 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was -$2.2 billion (down 3.77% YoY) and the FY2025 annual result came in at -$1.9 billion, down 58.18% from the prior year.
- Enterprise Value eased to -$2.2 billion in Q2 2026, from -$1.4 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$833.0 million in Q1 2025 to a low of -$7.2 billion in Q2 2022.
- A 5-year average of -$3.3 billion and a median of -$2.2 billion in 2024 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2024 — Enterprise Value soared 63.31% — and 2026, when it tumbled 68.79%.
- Tracing CCL's Enterprise Value over 5 years: stood at -$6.0 billion in 2022, then jumped by 59.68% to -$2.4 billion in 2023, then surged by 50.12% to -$1.2 billion in 2024, then plunged by 58.18% to -$1.9 billion in 2025, then fell by 16.35% to -$2.2 billion in 2026.
- The last three Enterprise Value figures came in at -$2.2 billion (Q2 2026), -$1.4 billion (Q1 2026), and -$1.9 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | -17.21 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | -12.07 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | -697.00 Mn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | -3.80 Bn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | -2.23 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | -7.13 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | -11.47 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | -218.10 Mn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | -766.12 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | -472.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -2.23 Bn |
| Feb 28, 2026 | -1.41 Bn |
| Nov 30, 2025 | -1.91 Bn |
| Aug 31, 2025 | -1.76 Bn |
| May 31, 2025 | -2.15 Bn |
| Feb 28, 2025 | -833.00 Mn |
| Nov 30, 2024 | -1.21 Bn |
| Aug 31, 2024 | -1.52 Bn |
| May 31, 2024 | -1.65 Bn |
| Feb 29, 2024 | -2.24 Bn |
| Nov 30, 2023 | -2.43 Bn |
| Aug 31, 2023 | -2.86 Bn |
| May 31, 2023 | -4.49 Bn |
| Feb 28, 2023 | -5.47 Bn |
| Nov 30, 2022 | -6.02 Bn |
| Aug 31, 2022 | -7.07 Bn |
| May 31, 2022 | -7.21 Bn |
| Feb 28, 2022 | -6.93 Bn |
| Nov 30, 2021 | -8.95 Bn |
| Aug 31, 2021 | -7.80 Bn |